ECB‘s hike should be ’more gradual than 50 bps, Visco says
KOENIGSWINTER, Germany (Reuters) – The European Central Bank should raise its policy rate out of negative territory in a “more gradual” way than suggested by some, ECB policymaker Ignazio Visco said on Friday.
European refinery crude intake rises almost 7% in April – Euroilstock
LONDON (Reuters) – European refiners processed 9.72 million barrels per day (bpd) of crude oil in April, up almost 7% from a month earlier and more than 9% higher than a year earlier, Euroilstock data showed on Friday.
Euro zone consumer confidence rises to -21.1 in May
(Reuters) – Euro zone consumer confidence rose by 0.9 points in May from the April number, figures released on Friday showed.
Factbox-Who is Stuart Machin, M&Ss new CEO？
By James Davey LONDON (Reuters) – On Wednesday, Steve Rowe will step down as chief executive of Marks & Spencer after six years, ending a 39 year career at the British retailer.
ECB can safely raise rates out of negative territory, Visco says
KOENIGSWINTER, Germany (Reuters) – The European Central Bank can raise its benchmark interest rate out of negative territory without major economic consequences because financing conditions would still remain exceptionally easy, ECB policymaker Ignazio Visco said on Friday.
BOJs Kuroda vows to keep ultra-easy monetary policy
BONN, Germany (Reuters) – Bank of Japan Governor Haruhiko Kuroda on Friday repeated the bank‘s resolve to maintain its ultra-easy monetary policy, saying the country’s inflation was unlikely to accelerate faster than it projected last month.
Greece to reopen January 2033 bond on May 23 via auction- debt agency
ATHENS (Reuters) – Greece will auction up to 500 million euros ($528.35 million) in a reopening of its 3.9% government bond maturing January 2033 on May 23, its debt agency PDMA said on Friday.
Scientists neutralize pit viper venom with compound from fruits and vegetables
SAO PAULO (Reuters) – A substance found in fruits and vegetables can neutralize the venom of a poisonous pit viper common in much of South America, Brazilian researchers have discovered.
Dutch budget deficit to rise to 3.4% this year – finance ministry
AMSTERDAM (Reuters) – The Dutch governments budget deficit will rise to 3.4% of GDP in 2022, the finance ministry said on Friday in its spring budget update, up from expectations of a 2.4% shortfall forecast in September.
ECBs Villeroy says we will deliver in fight against inflation
KOENIGSWINTER, Germany (Reuters) – The central banks of the Group of Seven economic powers are determined to tackle the threat from inflation, ECB policymaker Francois Villeroy de Galhau said on Friday after a meeting of G7 finance chiefs in Germany.
Norways April crude oil output lags forecasts by 10.6%
OSLO (Reuters) – Norways crude oil output in April missed official forecast by 10.6%, while its gas output was in line with expectations, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Friday.
Canada imposes additional sanctions on Russian oligarchs, bans some luxury goods trade
(Reuters) – Canada said on Friday it was imposing additional sanctions on Russian oligarchs and banning the import and export of targeted luxury goods from Russia in response to Moscows invasion of Ukraine.
Focus:Big brands fret over China as middle-class spurns luxury
By Casey Hall and Silvia Aloisi SHANGHAI/MILAN (Reuters) – Chloe Kou, a 28-year old beauty brand marketing manager from Shanghai, wont be buying her usual “one or two” high-end handbags this year. Instead, she plans to save not spend, and that is a problem for luxury
Russia makes early debt payment dash in bid to swerve default
LONDON (Reuters) – Russia initiated payment on two of its external bonds on Friday in an attempt to stave off a looming sovereign default ahead of a key U.S. licence allowing such transfers expiring next week.
Polish miner JSW says too early to forecast 2023-25 output
GDANSK (Reuters) – Polish miner JSW, which is coming off a record first quarter, said on Friday it was too early to estimate its coal production in 2023-2025, capex or expenses.
Gilinski launches offer for up to 32.5% of Grupo Argos shares
BOGOTA (Reuters) – Colombian business magnate Jaime Gilinski has launched a public acquisition offer for shares in industrial conglomerate Grupo Argos, the third company which has recently found itself in Gilinski‘s sights, the country’s financial regulator said.
Renault boss Luca de Meo could return to Japan in June – source
(Reuters) – The head of French carmaker Renault could return to Japan in June for the second time in two months, a source close to the matter told Reuters, a sign of intensifying talks with partner Nissan on a planned carve-out of its electric vehicle business.
Russia says it fulfilled obligations on Eurobond coupon payout in full
(Reuters) – The Russian finance ministry on Friday said it has fulfilled obligations on paying coupons on two issues of Eurobonds in full.
Spain supports Ukraines EU entry, foreign minister says
By Belén Carreño MADRID (Reuters) – Spain supports Ukraines ambition to join the European Union and the idea of a new European political entity that could, for the time-being, accommodate Ukraine as a fellow-minded democracy, Foreign Minister Jose Manuel Albares told Reuters on Friday.
Rowe to exit M&S with jump in profit, but much still to do
By James Davey LONDON (Reuters) – Steve Rowe will next week step down as chief executive of British retailer Marks & Spencer after a turbulent six years in the top job, with his internal successor set for a baptism of fire amid a worsening cost-of-living crisis.